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Governance and Audit Committee
Revenue Budget 2024/25
Resolved that: The content of this report be discussed and noted.
Cabinet. The Cabinet makes most of the council's decisions.
Revenue budget monitoring: 2023/24 outturn and 2024/25 quarter 2
Members noted the provisional 2023/24 outturn (final spending figures, still subject to audit), which shows a £3.092 million surplus. They accepted the quarter 2 monitoring report, approved budget virements (moves of money between budgets) in Appendix 5, and agreed that managers must urgently address projected deficits. They also recommended to Cabinet that the £3.092 million surplus go to the Budget Reserve.
Cabinet. The Cabinet makes most of the council's decisions.
Revenue budget outturn 2024-25
Members noted the provisional 2024-25 revenue outturn, which is subject to audit. They approved transferring £1.711 million to earmarked reserves, which are funds set aside for named purposes. They also approved splitting the £899,000 surplus: £459,000 to general reserves and £440,000 to the budget reserve.
Items are linked when their titles share most of their words and they fall within 18 months of each other. Councils don't number reports across meetings, so a few links may be wrong, and a step may be missing if its title changed a lot. Each step links to the meeting, where the council's own papers are.